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Solana price dips 1.6% after strong September rally, with $120 key level in focus amid rising institutional demand.

Market News
29 Sep 2026
Coinpaper
View Source
Bullish
Solana price dips 1.6% after strong September rally, with $120 key level in focus amid rising institutional demand.

Solana (SOL) price fell about 1.6% to $116.95 on Sept. 29 after nearing $125 over the weekend, marking a second day of decline following a strong September recovery from below $100. The $120 level is critical, having been briefly surpassed but not yet solidified as support. Institutional interest is rising, with Solana ETFs attracting a record $188 million inflow last week, boosting confidence in further gains if price holds above $110. Network growth, including a record $17 billion in stablecoin balances, also supports the bullish outlook, though price confirmation is still needed.

Solana (SOL) trades at Rp2.158.612 on Pluang as of Sep 29, 2026 17:14 WIB, showing a 1.98% gain in the last day. The market cap stands at Rp1.260,9 trillion with a 24-hour volume of Rp62,59 trillion. Pluang users show slightly more buying interest, with 55% buy orders and a typical hold time of 70 days, indicating steady investor engagement despite recent price fluctuations.

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